earnings
confidence high
sentiment positive
materiality 0.70
Kohl's Q4 EPS $1.67 vs loss; FY2024 guidance $2.10-$2.70; comp sales still down 4.3%
KOHLS Corp
2023-FY EPS reported
$2.85
revenue$17,476,000,000
- Q4 net sales $5.7B (-1.1%); comparable sales -4.3%; diluted EPS $1.67 vs ($2.49) loss a year ago.
- FY2023 net sales $16.6B (-3.4%); comparable sales -4.7%; diluted EPS $2.85 vs ($0.15) loss.
- Gross margin improved 937 bps to 32.4% in Q4; FY margin 36.7% (+347 bps); inventory down 10% YoY.
- FY2024 guidance: net sales -1% to +1%; comp sales 0%-2%; operating margin 3.6%-4.1%; diluted EPS $2.10-$2.70.
- Declared Q1 dividend $0.50/share payable April 3; partnership with Babies "R" Us to expand baby gear.